Cargojet Inc. (TSE:CJT) Receives C$148.25 Average PT from Analysts

Key Points

• Cargojet Inc. has received an average consensus rating of "Buy" from eight analysts, with seven recommending a buy and one a strong buy, along with a 12-month price target of C$148.25.
• Cargojet's stock is currently trading at C$102.01 and has a market capitalization of C$1.63 billion, with a significant debt-to-equity ratio of 98.69.
• The company recently declared a quarterly dividend of $0.35, resulting in an annualized yield of 1.4% despite a high dividend payout ratio of 982.53%.

Cargojet Inc. (TSE:CJT - Get Free Report) has received an average rating of "Buy" from the nine research firms that are presently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$148.00.

CJT has been the subject of a number of analyst reports. Acumen Capital dropped their price target on shares of Cargojet from C$175.00 to C$170.00 and set a "buy" rating for the company in a research report on Monday. TD Securities boosted their target price on shares of Cargojet from C$150.00 to C$160.00 and gave the company a "buy" rating in a research report on Friday. ATB Capital lowered their target price on shares of Cargojet from C$155.00 to C$145.00 and set an "outperform" rating for the company in a report on Friday. Stifel Canada upgraded shares of Cargojet to a "strong-buy" rating in a research report on Wednesday, June 11th. Finally, Stifel Nicolaus raised their price target on shares of Cargojet from C$125.00 to C$130.00 and gave the company a "buy" rating in a report on Monday.

Cargojet Stock Performance

Shares of CJT traded down C$1.57 during midday trading on Friday, reaching C$100.44. The stock had a trading volume of 71,203 shares, compared to its average volume of 88,665. The firm has a 50 day simple moving average of C$98.80 and a 200-day simple moving average of C$94.89. Cargojet has a one year low of C$69.60 and a one year high of C$144.97. The firm has a market cap of C$1.61 billion, a PE ratio of 704.89 and a beta of 0.91. The company has a current ratio of 0.56, a quick ratio of 0.79 and a debt-to-equity ratio of 98.69.

Cargojet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 4th. Stockholders of record on Friday, July 4th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, June 20th. Cargojet's dividend payout ratio (DPR) is 982.53%.

About Cargojet

Cargojet Inc operates a domestic air cargo co-load network between sixteen major Canadian cities. The company provides dedicated aircraft to customers on an Aircraft, Crew, Maintenance and Insurance basis, operating between points in Canada, USA, Mexico and Europe. The company also operates scheduled international routes for multiple cargo customers between the USA and Bermuda, between Canada, UK and Germany; and between Canada and Mexico.